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MMDC Save the Date May 2021

The WVMA and its members oppose HB 2959 and similar bills that legislate accelerated surcharge ratemaking to the economic harm of manufacturing and consumers of electricity. Specifically:   

  • HB 2959 is unnecessary as the utilities can meet their environmental compliance obligations as they always have—making the investments and seeking cost recovery in a full Base Rate case; they have never been denied environmental compliance cost recovery via traditional regulation as far as we are aware.
  • HB 2959 and other bills legislating surcharge cost recovery accelerate rate increases for manufacturing and industrial ratepayers, and thus make them less competitive. This makes the state’s ability to retain and attract manufacturing investment more challenging and places good jobs at risk to the detriment of the WV economy.  
  • By allowing the utilities to receive accelerated cost recovery through a shortened process, ratepayers lose the protections of a traditional, fully litigated Base Rate case, where investment costs by the utility may be offset by other expenses that have decreased and/or revenues that have increased.  With a narrow, limited surcharge cost recovery process, ratepayers lose the right to evaluate those potential cost offsets.
  • HB 2959 and its accelerated surcharge cost recovery shifts the risk of investment from the utility and its shareholder to ALL ratepayers, including manufacturing and industry, small businesses, and home energy consumers.  It shifts this risk BEFORE the investment provides a benefit or service to consumers. Traditional regulation requires the utility demonstrate that its investment is “used and useful” before the cost can be recovered from ratepayers. HB 2959 removes this important consumer protection. 

Charleston, W.Va. - The West Virginia Manufacturers Association and its members applaud the ongoing efforts of the West Virginia DEP as they facilitate a stakeholder workgroup to develop a process for establishing scientifically defensible human health criteria for our state.

New investment to upgrade existing engine production line; new jobs to add third shift

Buffalo, W.Va. (February 18, 2021) –
To help meet customer demand, Toyota Motor Manufacturing West Virginia (TMMWV) will invest $210 million to upgrade existing engine production and add 100 new jobs to increase assembly capacity of its four-cylinder engine line. Once complete, TMMWV’s total investment will be more than $1.8 billion and total employment will exceed 2,000.

“Today’s announcement represents Toyota’s continued commitment to our customers as well as our community,” said TMMWV President Srini Matam. “We are thrilled to expand our Toyota family and continue our long-standing commitment to provide top-quality engines and transmissions for our customers.”

CHARLESTON, W.Va. ─ The West Virginia Manufacturers Association (WVMA) announces its  support for House Bill 2001, the West Virginia Jumpstart Savings Program. 

“Manufacturers know firsthand the challenges in finding skilled labor in West Virginia. Any efforts to prepare the next generation to enter the workforce contributes to a stronger West Virginia,” said Rebecca McPhail, president of the WVMA. “We applaud State Treasurer Riley Moore for developing and promoting this concept and encourage the House of Delegates to pass the bill when it comes to the floor this week.”